Question
A share of ADR for a French firm represents 4 shares of the foreign stock. A share of the French firm was 30 Euros when
A share of ADR for a French firm represents 4 shares of the foreign stock. A share of the French firm was 30 Euros when French market closes. When US market opens, Eruo is worth $1.50, so the ADR price should be:
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Entrepreneurial Finance
Authors: M. J. Alhabeeb
1st Edition
1118691512, 978-1118691519
